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Question 2 < Fill in the missing numbers, indicated by capital letters, in the following reformulated income statements. Amounts are in millions of dollars.
Question 2 < Fill in the missing numbers, indicated by capital letters, in the following reformulated income statements. Amounts are in millions of dollars. The firm's marginal tax rate is 35 percent. < Operating revenues < Cost of sales < Other operating expenses < Operating income before tax < Tax as reported < 5,523 3,121 1,429 A < B Tax benefit of interest expense < C Operating income after tax Interest expense before tax < D E < Tax benefit (F) 42 610 Interest expense after tax Comprehensive income What is the firm's effective tax rate on operating income?
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